14-20 Cedar Glen Bond Ordinance Addendums

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payment of Bond Service Charges, and the Borrower shall have no residual interest in any amounts on deposit in the Project Fund; provided, however, that if an Event of Default occurs that results in acceleration of the Bonds, Collateral Funds shall be wired directly to the Borrower. Section 3.5. Borrower Required to Pay Costs in Event Project Fund Insufficient. If moneys in the Project Fund are not sufficient to pay all Project Costs, the Borrower, nonetheless, will complete the Project substantially in accordance with the Plans and Specifications and shall pay all such additional Project Costs from its own funds. The Borrower shall pay all costs of issuing the Bonds in excess of the amount permitted by paragraph (h) of Section 2.2 hereof. The Borrower shall not be entitled to any reimbursement for any such additional Project Costs or payment of issuance costs from the Issuer, the Trustee or any Holder; nor shall it be entitled to any abatement, diminution or postponement of the Loan Payments. Section 3.6. Completion Date. The Borrower shall notify the Issuer and the Trustee of the Completion Date by the delivery of a Completion Certificate signed by the Authorized Borrower Representative substantially in the form of Exhibit B attached hereto. The Completion Certificate shall be delivered as promptly as practicable after the occurrence of the events and conditions referred to in the Completion Certificate. Section 3.7. Investment of Fund Moneys. Any moneys held as part of the Bond Fund, the Project Fund, the Assignment Fund and the Rebate Fund shall be invested or reinvested by the Trustee in Eligible Investments as provided in the Indenture. The Issuer shall not direct the Trustee to invest or reinvest in investments other than Eligible Investments, and the Borrower covenants that it will restrict that investment and reinvestment and the use of theP roceeds of the Bonds in such manner and to such extent, if may as any, Y be necessary, after taking into account reasonable expectations at the time of delivery of and payment for the Bonds or subsequent intentional acts, so that the Bonds will not constitute arbitrage bonds under Section 148 of the Code. No provision of this Agreement shall be construed to impose upon the Trustee any obligation or responsibility for compliance with arbitrage regulations except as provided for in the Indenture. The Borrower shall provide the Issuer with, and the Issuer may base its certifications as authorized bythe Bond Resolution on, a certificate of an appropriate em to employee or agent officer, P Y g for inclusion in the transcript of proceedings for the of or consultant to the Borrower oBonds, P P g setting forth the reasonable expectations of the Borrower on the date of delivery of and payment for the Bonds regarding the amount and use of the proceeds of the Bonds and the facts, estimates and circumstances on which those expectations are based. Section 3.8. Rebate Fund. The Borrower agrees to make such payments to the Trustee as are required of it under Section 5.10 of the Indenture as well as to pay the expenses of any Independent certified public accounting firm or qualified rebate analyst engaged in accordance with that Section. The 9